Key Market Indicators
Dutch iron ore exports are projected to plummet to approximately $1.7 million by 2028, down from nearly $9.8 million in 2023. This represents an average annual decline of 26.7%. Since 1997, the country's iron ore supply has decreased by an average of 11.2% per year. In 2023, the Netherlands ranked 22nd in iron ore exports, with Finland taking the lead at $9.8 million. Brazil, Canada, and South Africa followed, ranking second, third, and fourth, respectively. Conversely, Dutch iron ore imports are expected to grow modestly. By 2028, imports are forecasted to reach around $779 million, up from approximately $755 million in 2023, reflecting an annual compound growth rate of 0.5%. Despite this growth, Dutch demand has seen a slight decline of 0.4% per year since 1997. In terms of imports, the Netherlands ranked 12th in 2023, with the United Arab Emirates taking the lead at approximately $755 million. Japan, South Korea, and Germany ranked second, third, and fourth, respectively.
